The latest rally in price has pushed the 14-day relative strength index to a reading of 49.53, which is its highest point since March 2.bulls will likely attempt to reach $90.00., dogecoin also extended recent gains, with the meme coin climbing for a fifth straight day.
DOGE/USD has risen to an intraday high of $0.07492 earlier on Tuesday, which comes a day after trading at a low of $0.06866. This rally comes as dogecoin broke out of a recent resistance level at $0.0730, with the RSI also climbing above a ceiling of its own.At the time of writing, price strength is tracking at 47.15, which is well above the aforementioned ceiling at 45.00.
In addition to this, the 10-day moving average is now firmly in an uptrend, with a ceiling of $0.08000 a possible target for bulls. Price strength is closing in on a ceiling at 50.00. However, should it overcome this point, DOGE could reach its intended target.Tags in this story
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